www.unuudur.com: The latest news of Mongolia in the World

The price of copper sank on Wednesday, losing more than 4% in New York to $2.7170 or $5,990 a tonne on the Comex market, its lowest level since July 20 last year.

Copper’s stunning rally this week continued in New York on Thursday with the metal touching a high of $3.32 a pound ($7,310 a tonne), the highest since January 2014, before paring some of those gains as worries about labour-related supply disruptions in key producing regions resurface.

Rio Tinto’s copper and diamond chief executive Arnaud Soirat has put pressure on Mongolia to support its planned $5.3 billion Oyu Tolgoi mine underground expansion, saying foreign companies will be looking at it as a “test case” for future investment.

On Tuesday copper for delivery in May advanced to a two-week high on the Comex market in New York at $3.065 per pound or $6,755 a tonne after positive manufacturing data from China, the globe’s number one metals consumer.

Rio Tinto Group has yet to be contacted by Swiss authorities over a bribery investigation related to Mongolia’s giant Oyu Tolgoi copper and gold mine and the site’s $5.3 billion expansion remains on track, according to the producer’s top executive.

Mining giant Rio Tinto (LON, ASX:RIO) will seek approval to build a power plant at its giant Oyu Tolgoi copper and gold mine in Mongolia and so comply with a 2009 investment agreement that calls for local suppliers to power the operation.

The Oyu Tolgoi copper-gold mine in Mongolia’s southern Gobi Desert declared force majeure after protests by Chinese coal haulers disrupted deliveries near the border, majority owner Turquoise Hill said Wednesday.

Rio Tinto-controlled Turquoise Hill (TSX:TRQ) is expecting its majority-owned Oyu Tolgoi copper and gold mine in Mongolia to churn in 2018 more than double the amount of the precious metal forecast for this year, with operating costs dropping about 2.8%.

Copper futures trading on the Comex market in New York raced ahead on Wednesday as global supply disruptions came back into view and large-scale speculators place huge bets on rising prices.

WASHINGTON — Tending camels in the Gobi desert — moving them to fresh grazing pastures in the spring and summer, and to shelter in the winter — has been a way of life for families in Mongolia for thousands of years. But cycles of freezing winters and dry summers — a natural phenomenon which the [...]

Shares in Turquoise Hill (TSE:TRQ) rose sharply on Tuesday after the company announced better than expected revenues amid declining production at its massive Oyu Tolgoi copper and gold mine in Mongolia.

Credit Suisse Group AG restated their neutral rating on shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) in a research report released on Tuesday.

The copper market is likely to see a small shortage as early as this year because of a lack of new supply and the removal of up to 800,000 tonnes over the past 18 months in response to modest prices, Rio Tinto’s copper and diamonds chief will say on Tuesday.

Mongolia said it has no plans to change the size of its stake in the massive Oyu Tolgoi copper mine, although it is seeking to boost exploration as it works to bolster its finances following an IMF-led loan deal.

Turquoise Hill Resources Ltd. (NYSE:TRQ) reported its last quarter results on 11/03/2016. This Company belongs to Basic Materials sector.

Turquoise Hill Resources Ltd said on Wednesday it had resumed concentrate shipments from its giant copper-gold Oyu Tolgoi mine in Mongolia following talks with Chinese and Mongolian authorities.

Mongolia says hundreds of trucks stuck at the border after move seen as a response to Dalai Lama’s visit to Ulaanbaatar.

The boss of FTSE 100 mining group Rio Tinto has insisted a dispute with China over copper exports from Mongolia will be resolved shortly.

Industrial metals climbed, with copper closing at the highest price in almost 18 months, on speculation that demand will accelerate amid improving growth in the U.S. and signs of a stabilizing economy in China.

Rio Tinto has suspended shipments to China from its giant copper-gold Oyu Tolgoi mine in Mongolia due to problems at the border of the two countries that have been linked to Chinese anger at a recent visit to Mongolia by the Dalai Lama.

Turquoise Hill Resources Ltd said on Friday it has suspended concentrate shipments from its giant copper-gold Oyu Tolgoi mine in Mongolia across the Chinese border, blaming problems with a crossing route.

An improved outlook for copper and gold has helped add $US1.3 billion ($1.7bn) to the value of the $US5.3bn expansion of Rio Tinto’s Oyu Tolgoi copper and gold mine, which the miner says could ramp up in seven years to ­release $US1.5bn of annual free cash flow.

Turquoise Hill Resources Ltd. (NYSE:TRQ) traded with the volume of 2.14 Million Yesterday. The Stock Opened its session at $2.99 and closed at 3.04 by showing an increase of 2.36 percent. Turquoise Hill Resources Ltd. has 1 year price target of 4. The stock gained a consensus recommendation of 3 on Zacks Investment Research where [...]

The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 192,147 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 9.12% since March 10, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.

Rio Tinto Group said Mongolia won’t receive any dividend from the giant Oyu Tolgoi mine for 10 years as the world’s second-biggest mining company prioritizes completing a $5.3 billion underground expansion.

Turquoise Hill Resources (NYSE:TRQ) has been assigned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective [...]

Mongolia’s prime minister has asked Anglo-Australian miner Rio Tinto to step up the pace of construction at the giant Oyu Tolgoi copper-gold mine, part of efforts to revive the country’s debt-ridden economy.

Lower grades and reduced mining at open pit expected with massive underground expansion of Mongolian mine at least five years away

Turquoise Hill Resources Ltd. (TRQ) has risen sharply, recording gains of 8.05% in the past 4 weeks. However, the stock has corrected -2.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.21% in the past 4 weeks, but has [...]

The $149 billion pipeline to expand the world’s copper supply is running into trouble.